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gerri: i have to tell you, i look at this economy. delicate this economy and think, boy, we have pundit 2 percent@ gdp growth, 7% plus jobs unemployment rate. liz and saunders told a shootout we would not have that died down in the middle of the year like we have in the past two to three years. what do you say? >> they are exactly right. this is where we have seen a massive disconnect between market's fundamentals and the pricing. the s&p continues to motor hire@ and durable goods continued to fade. consumer confidence has continued to fade. so we don't see even last week's induutrial production numbers implying for first half of the year basically in the second quarter flat. you adjusted for real world inflation, the reflection number would be negative and very ugly. that does not help gdp figures. gerri: wow. >> they're not in a position to taper. they're not in a position to pull back. i think what you see -- gerri: we may get it. to you. i feel like the economy should be stronger. we need more growth. how do you play this? >> well
gerri: i have to tell you, i look at this economy. delicate this economy and think, boy, we have pundit 2 percent@ gdp growth, 7% plus jobs unemployment rate. liz and saunders told a shootout we would not have that died down in the middle of the year like we have in the past two to three years. what do you say? >> they are exactly right. this is where we have seen a massive disconnect between market's fundamentals and the pricing. the s&p continues to motor hire@ and durable goods...
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we might taper only because the economy is getting better. we're in no way, shape or form raising rates anytime until 2015. lori: this is big fed meeting. we get economic projections. we also have the press conference. to your point, john, bernanke's chance to set the record straight. will he be more clear, less ambiguous than usual? >> i hope he is. i think the fed did a pretty good job being way more transparent than they have in the past over the last four or five years. i think there was that stumble back on may 22nd. that gives him a chance to set the record. whether or not he will tell us, hey, the fed is looking for 165,000 jobs per month and then we'll taper. i don't think we'll get that kind of transparency. that would be nice and markets would love it but you'll get a clear separation, about rising rates, yes, we will not raise rates and taper. fed has to make it more clear that taper is not an interest rate hike. that will help. if they say this is the what the jobs number we'll look for that would be fantastic but i don't think th
we might taper only because the economy is getting better. we're in no way, shape or form raising rates anytime until 2015. lori: this is big fed meeting. we get economic projections. we also have the press conference. to your point, john, bernanke's chance to set the record straight. will he be more clear, less ambiguous than usual? >> i hope he is. i think the fed did a pretty good job being way more transparent than they have in the past over the last four or five years. i think there...
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Jun 17, 2013
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jobs in the economy. we know that it has been given how close the last few years. one company has been given 800 new jobs just this honor. i am wondering the same thing. how is this? let me welcome the ceo of firehouse. bob, you have locations in 35 states. but still, 800 just this summer is a lot. 2400 workers in 2013 have said that you have done a lot of expanding even though the economy has not grown up fast. >> yes, americans have an insatiable appetite for great food. while the restaurant business is very competitive, they are continuing to grow in this environment. we have the second highest birthrate since last year and we -lways hoped to do one better than that. melissa: i'm sure that's right, given the climate and everything that employers are facing. wal-mart recently said that they are only hiring temporary workers at many of their u.s. stores for a number of reasons. honestly they want to be more flexible in the have to deal with benefits. we think of their decision and how does that compare with what you are doing? >> i really can't speak for them. in
jobs in the economy. we know that it has been given how close the last few years. one company has been given 800 new jobs just this honor. i am wondering the same thing. how is this? let me welcome the ceo of firehouse. bob, you have locations in 35 states. but still, 800 just this summer is a lot. 2400 workers in 2013 have said that you have done a lot of expanding even though the economy has not grown up fast. >> yes, americans have an insatiable appetite for great food. while the...
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economy by 240 million pounds or $300 million u.s. dollars. @%w we continue the countdown to the closing bell with liz claman. ♪ liz: every monday, we love to look at stocks getting what we call the barren's bounce, and today is no exception. nicole, these are the names that are mentioned either positively or negatively, but a bounce is more positive; right? >> that's right. people read barrens over the weekend, and you know the stocks react if it's good news. they may jump if it's bad news or sell off. in this case, it's a chip maker looking at advanced microdevices up 3 #% now because it's been on the rise. the article over the weekend said that advanced microstock could actually double. wouldn't you love to wake up nd read barrens over the weekend and see that your favorite stock you are invested in could double? that's what they are saying because there was an acquisition, a 2012 purchase of the micro to gain market sharement wanted -- share. i wanted to take you over to big lots shining up 3.2% now as 33.91 because they, too, are gettin
economy by 240 million pounds or $300 million u.s. dollars. @%w we continue the countdown to the closing bell with liz claman. ♪ liz: every monday, we love to look at stocks getting what we call the barren's bounce, and today is no exception. nicole, these are the names that are mentioned either positively or negatively, but a bounce is more positive; right? >> that's right. people read barrens over the weekend, and you know the stocks react if it's good news. they may jump if it's bad...
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bernanke is going to issue his report on the economy on wednesday. it does not look like he will be slowing down the printing press. who knows what they will say tomorrow. let's run with it. a big idea. a lot of speculation about what the company will announce. boeing announced it will announce a larger version of the 787. over 100 orders for it. that is $30 billion worth of planes. san antonio spurs took game five of the nba finals to beat the heat. they have a three-two lead. they had to miami for game six. doctor siegel is next. ♪ . to get a list of equity options... evaluate the with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason serious vestors are choosing fidelity. now get 200 free trades when you open an account. ♪ stuart: you have heard it many times. if you like your health plan, you get to keep it under obamacare. i want to bring in charles. it seems like the unraveling continues. aetna has 49,000 people wh
bernanke is going to issue his report on the economy on wednesday. it does not look like he will be slowing down the printing press. who knows what they will say tomorrow. let's run with it. a big idea. a lot of speculation about what the company will announce. boeing announced it will announce a larger version of the 787. over 100 orders for it. that is $30 billion worth of planes. san antonio spurs took game five of the nba finals to beat the heat. they have a three-two lead. they had to...
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the rest of the economy, job creators are suffering. david: so far the hangover has not really come on us with all this money printing. the free money. corporations of loved it. the market is doing well. you say if we look back to the 1970's we can see a parallel time or a parallel thing going on. of course that did not have quantitative easing, but they kept interest rates artificially low. >> what happened was in the 1970's, you get an inflationary bubble that it the commodities market, farm land, housing. we forgot we had a housing boom artificially the late 70's and early 80's. so we had to the 80's, farmland collapsed. oil collapsed down to $10 a barrel. so i think what you're going to see here -- i don't know wind. but it now be on the forbes 400 list, but you're going to see is these things will burst. what the fed has done is like putting a virus and a computer, correcting the price information in the marketplace. was the real value of oil, farm land? you don't know. david: when you look back to the 1970's, again, what is scary
the rest of the economy, job creators are suffering. david: so far the hangover has not really come on us with all this money printing. the free money. corporations of loved it. the market is doing well. you say if we look back to the 1970's we can see a parallel time or a parallel thing going on. of course that did not have quantitative easing, but they kept interest rates artificially low. >> what happened was in the 1970's, you get an inflationary bubble that it the commodities market,...
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economy, 380 million u.s. dollars. that is the latest from the fox business network giving you the power to prosper. ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test tck get the mercedes-benz you've bn burning for at the summer event, going on now at your authorized mercedes-benz dealer. hurry, before this opportunity cools off. [ slap! ] [ slap! slap! slap! slap! ] ow! ow! [ male announc ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shoul't be this hard. with creditcards.com, it's easy to search hundreds ocards and apply online. creditcards.com. dennis: nsa leak backlash. dick cheney weighing in on "fox news sunday" yesterday. >> i think it is one of the worst locations in my memory of somebody with access to classified information doing enormous dama
economy, 380 million u.s. dollars. that is the latest from the fox business network giving you the power to prosper. ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test tck get the mercedes-benz you've bn burning for at the summer event, going on now at your authorized mercedes-benz dealer. hurry, before this opportunity cools off. [ slap! ] [ slap! slap! slap! slap! ] ow! ow! [ male announc ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums...
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john: four years lat, fewer cross illegally because the mexica economy has doneetter. we build bigger, stronger fefences. john as the border patrol now we are here? >> oh, yes. john: an hour later they showed up. >> filming a segment. i intend donald -- ten donnelly. john: after that the left them alone. once more fences. >> is thisour ideal fans? >> this is good. it forces people who want to smuggle something to go to a high point where l-enforcement border patrol agents can easily see they have been interdicted. we ought to secure it. jo: a problem with the current fans. >> here is this biggeffective miti dance. impervious, scalable. then all the sudden it just hands. this right here is absurd. >> despite the billions we have spent, there are still lots of balls in the fence. especially the older part. >> this looks like a pretty good-sized already your. >> this is an arerea that whave volunteers who came downith a welding tra and wl that up thes holes. i mean, it is patchwork. >> i'm touching mexico. john: not that hard to get over the fence. drug dealers build ramp
john: four years lat, fewer cross illegally because the mexica economy has doneetter. we build bigger, stronger fefences. john as the border patrol now we are here? >> oh, yes. john: an hour later they showed up. >> filming a segment. i intend donald -- ten donnelly. john: after that the left them alone. once more fences. >> is thisour ideal fans? >> this is good. it forces people who want to smuggle something to go to a high point where l-enforcement border patrol...
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housing continues to be a bright spot on our economy. homebuilder sentiment jumping to the highest level in seven years. gold dropping four and a half dollars to $13.83 per ounce. crude oil flat settling just under $90 per barrel. the bond market, the yield on the ten year rose to its just over 2%. developments in the irs scandal. irs supervisor in washington d.c. admitting she was personally involved in the viewing of some of the earliest applications for tea party groups who were seeking tax-exempt status, including dozens of requests that were neglected for more than a year somehow. her testimony to congressional investigators directly contradicts claims by the internal revenue service leaders just a small group of agents in cincinnati where the only ones responsible for the targeting of the tea party and conservative groups. and a cincinnati-based irs agent confirms pro-israel groups were also targeted -- well, treated differently from other applications that think is a way that they put it. he says, those requests were routinely rou
housing continues to be a bright spot on our economy. homebuilder sentiment jumping to the highest level in seven years. gold dropping four and a half dollars to $13.83 per ounce. crude oil flat settling just under $90 per barrel. the bond market, the yield on the ten year rose to its just over 2%. developments in the irs scandal. irs supervisor in washington d.c. admitting she was personally involved in the viewing of some of the earliest applications for tea party groups who were seeking...
SFGTV2: San Francisco Government Television
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and that's partly a philosophy of the sharing economy as well. and whether it's a need for space, people need to have space as they did in the aftermath of hurricane sandy, or now in oklahoma, or whether they needed to get a car because their car was damaged, or they needed some repairs in their house, they're trying to relight the pilot in the stove and they didn't know how to do it. they can't find the big utilities enthralled in a great effort elsewhere. these sorts of things people can help each other and we can access the companies that are part of bay share and the share economy to get some help for people right away. it's all in the general effort that i want people of san francisco in every single neighborhood to know we want them here as part of the recovery, that they're not going elsewhere, we're not leaving them alone. we're not leaving them isolated. i learned that big lesson as myself and others who went with me to new orleans a few years back a couple years after their levees broke. we tried to understand the frustration of people
and that's partly a philosophy of the sharing economy as well. and whether it's a need for space, people need to have space as they did in the aftermath of hurricane sandy, or now in oklahoma, or whether they needed to get a car because their car was damaged, or they needed some repairs in their house, they're trying to relight the pilot in the stove and they didn't know how to do it. they can't find the big utilities enthralled in a great effort elsewhere. these sorts of things people can help...
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the economy. not market, but overall economy. why do you think they need to stay around for so long? >> well, i don't think they do. i just think they will. i think if you look at how they've been talking lately and how they've changed their tone, they're talking a little more about i inflation, another reason to keep providing stimulus. i don't think that's by accident. i'd also say that i think a lot of what you're hearing out of the fed is really just designed to increase uncertainty in the near term because what they don't really -- what they can't let happen is for the markets to price in the end game. they can't let the market price in when tapering ends. they don't care if people know when it begins. if people know when tapering ends, they can figure out the pathway and all the smart people i work with can price that the second after it happens. it will be too disruptive. >> that's why the market is even reacting to the idea that tapering is going to come at some point. it used to be that you'd react to the change in inter
the economy. not market, but overall economy. why do you think they need to stay around for so long? >> well, i don't think they do. i just think they will. i think if you look at how they've been talking lately and how they've changed their tone, they're talking a little more about i inflation, another reason to keep providing stimulus. i don't think that's by accident. i'd also say that i think a lot of what you're hearing out of the fed is really just designed to increase uncertainty...
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wrath of the wall street journal he korea correctly states that the fed has overestimated how fast the economy would grow and every year since the financial crisis the implication is that the fed might not wind down q.e. after this thought and that's not the only indictment from the def you guys jay they surveyed surveyed forty economist on why wong term interest rates recently spiked twenty six of them said as chairman bernanke and cohen is tapering to og the survey also found that recent hands of scaling down at the eighty five billion dollars per month q.e. program has kept a few market participants the averages survey grade for communication on a scale of one to one hundred sixty two barely half a by most academic standards and the latest housing data released this morning by the national association of home builders was the strongest print sense two thousand and two and the first time it's been positive as two thousand and six that's when the last housing bubble was in full effect the bottom line home prices are getting more expensive and so are mortgages thanks to rising interest rates s
wrath of the wall street journal he korea correctly states that the fed has overestimated how fast the economy would grow and every year since the financial crisis the implication is that the fed might not wind down q.e. after this thought and that's not the only indictment from the def you guys jay they surveyed surveyed forty economist on why wong term interest rates recently spiked twenty six of them said as chairman bernanke and cohen is tapering to og the survey also found that recent...
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shinzo abe remains his efforts to the domestic economy will contribute to the world. british prime minister david cameron says another key item will be tackling tax avoidance. the leaders will also discuss how to end the civil war in syria, but they're at odds over how to address the situation. >> what we can try and do here at the g-8 is have further pressure for the peace conference for the transition that's needed to bring this conflict to an end. >> russia has strong ties with syria and opposes foreign intervention in the conflict. it has been supplying weapons to the syrian government. president vladimir putin says russia is acting in full compliance with international law. u.s. president barack obama and other leaders say president bashar al assad must step down. obama announced last week the u.s. will provide weapons to rebel groups on the grounds that the assad regime has used chemical weapons against its people. >>> the whistleblower who uncovered a top secret u.s. surveillance program has revealed authorities in britain were doing some high-level spying of t
shinzo abe remains his efforts to the domestic economy will contribute to the world. british prime minister david cameron says another key item will be tackling tax avoidance. the leaders will also discuss how to end the civil war in syria, but they're at odds over how to address the situation. >> what we can try and do here at the g-8 is have further pressure for the peace conference for the transition that's needed to bring this conflict to an end. >> russia has strong ties with...
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>> so 2% economy. do you think the market is ahead of itself knowing we are in a 2% grower? >> personally, i don't think so, the phrase we have been using is tina, there's no alternative. and i agree with rebecca, that you are not in a situation where you are going to be getting high real rates from bonds. i think the back up in bond yields was a reminder that you can lose money, particularly in bond funds. so it's a very strong environment. i think, it's a strong reminder that equities are an important part of the total return that investors are seeking. >> and i think one of the good things that he said about unemployment rate and it not coming down quickly. you know, consumers doing well, businesses are still cautious and we are in a global economy and a lot of u.s. companies today, depend on sales overseas. the u.s. is doing better, but overseas europe is trying exit recession and china is growth rate slowing, brazil is facing pains. and even if the consumer is doing better, overseas is still a lit
>> so 2% economy. do you think the market is ahead of itself knowing we are in a 2% grower? >> personally, i don't think so, the phrase we have been using is tina, there's no alternative. and i agree with rebecca, that you are not in a situation where you are going to be getting high real rates from bonds. i think the back up in bond yields was a reminder that you can lose money, particularly in bond funds. so it's a very strong environment. i think, it's a strong reminder that...
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the two largest economies in the world, especially when you put all the european economies together. that's really going to be overshadowed by syria. the other thing about the free trade talks is the french are already complaining saying they want their art and film industry protected. they seem to have forgotten that gerard depardieu has already moved. they are saying the economy remains weak, but they are very focused, larry, on getting everyone to pay more taxes. they definitely want that for sure. >> what a great idea. it's a six-quarter double-dip recession. >> yeah. >> and they want everybody to pay more taxes, michelle. i mean, i just love that. just love that. what a -- there's no -- there's no word in european speak for capitalisma, is there? >> when they see high levels of tax evasion they think everybody needs to enforce better instead of realizing the best way to combat tax evasion and to lower tax evasion is to lower taxes. >> oh, michelle. i am sending you in to do battle. how good is that. >> good luck. >> as always, many, many thanks to cnbc's michelle caruso-cabrera.
the two largest economies in the world, especially when you put all the european economies together. that's really going to be overshadowed by syria. the other thing about the free trade talks is the french are already complaining saying they want their art and film industry protected. they seem to have forgotten that gerard depardieu has already moved. they are saying the economy remains weak, but they are very focused, larry, on getting everyone to pay more taxes. they definitely want that...
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he'll make a statement about the economy on wednesday. last month the fed said bernanke may start slowing down his stimulus program, and that sent the market scrambling. last week the dow drop 105 points to finnive just over 15,000 while the nasdaq dropped 21 points. >>> some of the markets are still bullish on the economy. that's not discouraging a number of economists. they're predicting a healthier economy and lasting growth. >>> gm is recalling an additional 200,000 mid-size suvs in august. they recalled almost 250,000, but it was limited to those sold in the 20 snowbelt states. this time the recall is nationwide and for the same problem. the power door and window module in the driver's door can catch fire even when it's not being used. the recall is for the 2006 and 2007 chevy trailblazer, gmgmc envoy, buick rainier, saab 9-7x, and isuzu ascender. >>> a high-ranking irs official says she was involved in targeting tea batter groups. holly paz said she reviewed hundreds of transcripts. paz has been placed administrative leave. >>> and
he'll make a statement about the economy on wednesday. last month the fed said bernanke may start slowing down his stimulus program, and that sent the market scrambling. last week the dow drop 105 points to finnive just over 15,000 while the nasdaq dropped 21 points. >>> some of the markets are still bullish on the economy. that's not discouraging a number of economists. they're predicting a healthier economy and lasting growth. >>> gm is recalling an additional 200,000...
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on the economy for example. so the "new york times" ran a piece over the weekend, they were basically saying the new normal of sluggish growth now over and we should get much more optimistic about the economy. and then you hear today that the fed is possibly going to down grade its own estimates this week at the meeting and that will become the main focus. >> with all due respect to the people who work at the fed, they are notorious for faulty estimates, if you would. and so you can't have it there but there is an old anecdote about somebody helping plan d day invasion and he was a meteorologist and he kept say i don't go want to give you anymore reports because i think it's no better than a 50/50 shot and the general said send it in any way, we need it for planning. so even though something is inferior, people keep looking to it. >> and just briefly, i know in the last couple weeks we've been trading off different things. first it was what was happening in japan and the yen, then what was happening here in the
on the economy for example. so the "new york times" ran a piece over the weekend, they were basically saying the new normal of sluggish growth now over and we should get much more optimistic about the economy. and then you hear today that the fed is possibly going to down grade its own estimates this week at the meeting and that will become the main focus. >> with all due respect to the people who work at the fed, they are notorious for faulty estimates, if you would. and so you...
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mainly billboard oriented is very much tied to the health of the economy. the ceo has over 750 advertising displays globally, including 200 in the united states. that's a lot. both stocks are trading around $7 and change. they got to that level in different ways. clear channel has been trading stoodways, 6% year-to-date. opko rallied like crazy. it's up 47% to $7. let's get to the head-to-head face off, please. >> buy, buy, buy, sell, sell, sell. >> miami versus san santonio speculative edition, espn. this is what you want to be doing. at the moment, clear channel has a major upside opportunity coming from digital displays. take the lcd flat skroen based billboorsd, they can show the movie advertisements, or scroll through ads the ones you want to watch while driving. thoo they are more lucrative and cost ahem heck of a lot to build out. the company has 10% of their sales from wall scapes from all displays and what are known as spectaculars. these are big customized display structures that often use video and multi-dimensional figures with lettering, along
mainly billboard oriented is very much tied to the health of the economy. the ceo has over 750 advertising displays globally, including 200 in the united states. that's a lot. both stocks are trading around $7 and change. they got to that level in different ways. clear channel has been trading stoodways, 6% year-to-date. opko rallied like crazy. it's up 47% to $7. let's get to the head-to-head face off, please. >> buy, buy, buy, sell, sell, sell. >> miami versus san santonio...
SFGTV2: San Francisco Government Television
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economy. and ways to have programs that reach into the community that provide opportunity for young people. and to have appropriate housing, that's something i am committed to. i want to hear your ideas of how to do that and strengthen the efforts. last year in district 11 we were able to fund projects for the parks and safety and to beautify the environment. and we had projects for young people as well. i want to grow in the commitments we made last year. we know the best way to support our young people with opportunity is to provide jobs for them. i am looking forward to see how to accomplish that with the mayor and my colleagues from the board of supervisors, thank you. >> thank you, supervisor avalos. i am mark farrell, i am the supervisor from district 2 and i am the chair of the budget committee. and it's an honor to be here with the mayor and supervisors. my priorities is to have an open and transparent budget process, that's why we are here. we are doing six of these town halls and we
economy. and ways to have programs that reach into the community that provide opportunity for young people. and to have appropriate housing, that's something i am committed to. i want to hear your ideas of how to do that and strengthen the efforts. last year in district 11 we were able to fund projects for the parks and safety and to beautify the environment. and we had projects for young people as well. i want to grow in the commitments we made last year. we know the best way to support our...
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he has already discussed the economy. oft is at the forefront every iranians mind. how he is going to tackle the at -- the economy. they are hoping he will elaborate more on that. he talked about his administration being one of moderation, rejecting extremism. that has gone done very well with his supporters. he will also be asked questions by journalist. he could be asked about nuclear talks, comments from the white house regarding direct talks with iran over this nuclear program, the lifting of sanctions and international issues which do relate to the domestic situation. >> tell us what you are hearing about the outgoing president mahmoud ahmadinejad. he has been called to face court in november. what is that about? , he has that one month and a half left of his presidency. still mahmoud ahmadinejad is surrounded by controversy. it seems the speaker of mp'sament and several have filed an official complaint with the judiciary. it is interesting to note that the speaker of parliament's -- the speakers rather is the head of the judiciary. the judiciary has summoned m
he has already discussed the economy. oft is at the forefront every iranians mind. how he is going to tackle the at -- the economy. they are hoping he will elaborate more on that. he talked about his administration being one of moderation, rejecting extremism. that has gone done very well with his supporters. he will also be asked questions by journalist. he could be asked about nuclear talks, comments from the white house regarding direct talks with iran over this nuclear program, the lifting...
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rohani called for moderation and for reviving iran's economy. in recent years, international sanctions aimed at rean's nuclear program helped fuel rising inflation and high unemployment. rohani presided over nuclear talks with the west between 2003 and 2005. but today the president elect was not support ceasing iranian enrichment. >> we will make nuclear talks more active. this is a problem. solution to the nuclear problem is just talks. neither threats nor sanctions will work. >> ifill: he left open the door to improving relations with the united states. >> the problem complicated and difficult. there's an old wound that should be dealt with with prudence. of course we are not seeking tension or increase can the tension. common sense says our two countries should think about the future more than the past. >> u.s. officials cautiously welcomed rohani's victory but state department spokeswoman said the obama administration wants to see more. >> we look forward to him and are hopeful that he will fulfill the campaign promises he made to the irania
rohani called for moderation and for reviving iran's economy. in recent years, international sanctions aimed at rean's nuclear program helped fuel rising inflation and high unemployment. rohani presided over nuclear talks with the west between 2003 and 2005. but today the president elect was not support ceasing iranian enrichment. >> we will make nuclear talks more active. this is a problem. solution to the nuclear problem is just talks. neither threats nor sanctions will work. >>...
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around the german entrepreneurs turning their back on europe's largest economy being hostile to health and businesses. and i welcome you with our take me and. my global leaders and even close allies for all spied on by british and american intelligence according to n.s.a. whistleblower edward snowden he's leaked new documents showing that the g twenty summit in two thousand and nine was a surveillance playground with u.k. and u.s. agents attending to bug senior figures like the russian president at the time dimitri. told me why the timing is a worry. the new g eight summit the latest one is just about start again in the united kingdom in great britain and well obviously this is going to create some additional tension and some questions will have to be answered this happened at the summit back in two thousand and nine there we can see the pictures of the leaders going for the photo op and well according to the report of that former cia agent the delegations from all these three countries that we could see the leaders of these countries on screen now including president of russia dmitry
around the german entrepreneurs turning their back on europe's largest economy being hostile to health and businesses. and i welcome you with our take me and. my global leaders and even close allies for all spied on by british and american intelligence according to n.s.a. whistleblower edward snowden he's leaked new documents showing that the g twenty summit in two thousand and nine was a surveillance playground with u.k. and u.s. agents attending to bug senior figures like the russian...
SFGTV2: San Francisco Government Television
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man: infrastructure is vital to the american economy. water, after all, is an essential ingredient in hundreds of thousands of everyday products. narrator: agriculture and industry use roughly 80% of the water consumed in the united states. water is the basis for manufacturing many goods and provides the ability to clean and sterilize everything from computer chips to the surgical instruments used in hospitals. kelly: the minute that there's not enough water for businesses, industry, and individuals, they have to go elsewhere. and when they go elsewhere, jobs go elsewhere. your entire economy begins to suffer with the lack of clean water. narrator: while the water infrastructure provides for our health, safety, and economy, a growing concern is that the value society derives from water has not traditionally been reflected in the price we pay for water. man: when you take a look at how much people pay for water, as a percentage of median household income, it's usually less than 1%. and when you compare that to how much we pay for electric
man: infrastructure is vital to the american economy. water, after all, is an essential ingredient in hundreds of thousands of everyday products. narrator: agriculture and industry use roughly 80% of the water consumed in the united states. water is the basis for manufacturing many goods and provides the ability to clean and sterilize everything from computer chips to the surgical instruments used in hospitals. kelly: the minute that there's not enough water for businesses, industry, and...
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what does this say about the state of the american economy when we're talking about this story? >> one of the things that hasn't come out, the analogy of having a modern day plantation scheme. the perpetrators were pakistani and filipino and the victims were pakistani and filipino, that's number one, so it's very interesting intracultural thing going on, and also i think there's -- this sort of speaks the whole problem of immigrat n immigration. these are people who we have haphazard immigration system, there are people here that the black market sort of takes care of and handles rather than -- >> or abuses. >> or allows people a path to citizenship. >> more clarity less likely to be abuse. >> i'm unclear about the role of fear versus choice. you're saying that the people who were perpetrating themselves were the pakistanis and filipinos. >> correct. >> what does that tell us about the scheme? who started it, what's the chicken and what's the egg here? >> my guess is they had some program with relatives and friends back in the philippines and pakistan saying come work for my unc
what does this say about the state of the american economy when we're talking about this story? >> one of the things that hasn't come out, the analogy of having a modern day plantation scheme. the perpetrators were pakistani and filipino and the victims were pakistani and filipino, that's number one, so it's very interesting intracultural thing going on, and also i think there's -- this sort of speaks the whole problem of immigrat n immigration. these are people who we have haphazard...
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he claims the economy is healing. but life is getting harder. they are worse off under the tories. >> only someone who wants to talk down our economy -- more people in work, you'd unemployment down, not one word of respect for that good agenda on jobs. he talked about airplanes. ,he former home secretary never mind getting on airplanes, this is what he said about right old gentleman's leadership. "we are literally going nowhere ." we have not even gotten on the airplane because we have not got a clue. >> last december, we welcomed the government support for a new direct rail link from swap sure to london. -- swopshire to london. does the prime minister agree that net rail should not get in the way of the people or economic progress? >> we want to see more direct rail links, like the one of which he speaks. there is also a need for better links to lancaster and black bull. one of the things they have battled with is the shortage of capacity. free up that capacity to make more of these direct links possible. we should be making some progress. last
he claims the economy is healing. but life is getting harder. they are worse off under the tories. >> only someone who wants to talk down our economy -- more people in work, you'd unemployment down, not one word of respect for that good agenda on jobs. he talked about airplanes. ,he former home secretary never mind getting on airplanes, this is what he said about right old gentleman's leadership. "we are literally going nowhere ." we have not even gotten on the airplane because...
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some of the markets are stuill bullish on the economy. that's not discouraging a number of economists. they're predicting a healthier economy and lasting growth. >>> gm is recall ang additional 200,000 mid-size suvs in august. they recalled almost 1 2 50,000 but it was limited to those sold in the 20 snowbelt states. this time the recall is nationwide and for the same problem. the power door and window module in the driver's door can catch fire even when not in use. it includes the 2006-07 chevrolet trailblazer, gm zr envoy, buick rainier, saab 9-7 x, is zooey avenger. ho holly poz said she reviewed hundreds of transcripts. she has been placed on administrative leave. >>> and "superman" brought in $125 million this weekend. that is the newist record for highest opening ever in june. the comedy "this in the end" came in at over $120 million and the thriller "now you see me" came in third. i had friends who went to see it. >> it looks funny. >>> straight ahead, your monday morning weather. and in sports a rose is a rose is a champion. an en
some of the markets are stuill bullish on the economy. that's not discouraging a number of economists. they're predicting a healthier economy and lasting growth. >>> gm is recall ang additional 200,000 mid-size suvs in august. they recalled almost 1 2 50,000 but it was limited to those sold in the 20 snowbelt states. this time the recall is nationwide and for the same problem. the power door and window module in the driver's door can catch fire even when not in use. it includes the...
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the economy is kind of stuck on credit right now. >> rates are already rising. stock traders are saying look at the bond market. they're responding to this as well right now. >> that's the indigestion, i think. you couldn't just say, rates are here, they're going to base stock market value certainties off this that rates are going up. i don't think it's really the likelihood, but i do think you have at least enough doubt with stocks having done what they've done year to date, you don't have a lot of room for error there. >> bob, what do you think the feds will say on wednesday? you have to have anticipation if you're putting money in this market. >> i think the fed is going to stay with the message they've been saying since the start of the year, which is we will taper when we've seen a financial improvement in the labor market. and then they'll leave up to the labor market to determine what is substantial. >> i think they also don't want people to interpret tapering as no more help. that's been the nuance. >> tapering means lower numbers. not necessarily 85 bil
the economy is kind of stuck on credit right now. >> rates are already rising. stock traders are saying look at the bond market. they're responding to this as well right now. >> that's the indigestion, i think. you couldn't just say, rates are here, they're going to base stock market value certainties off this that rates are going up. i don't think it's really the likelihood, but i do think you have at least enough doubt with stocks having done what they've done year to date, you...
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. >>> meanwhile, across the pond they are talking the global economy. the g8 summit is under way in northern ireland, but it's not all about monetary policy. cbs reporter tara mergener on the discussions expected on u.s. wiretapping and syria. >> hello, everybody. >> reporter: president obama and british prime minister david cameron visited a northern ireland school where students are learning about the g8 summit. >> i think i just went outside the lines. >> reporter: but soon, the president and his counterparts turned their attention to the global economy. >> i'm pleased to join these leaders to announce the launch of negotiations on a new trade agreement. >> reporter: the economy is not the only topic at the g8. the civil war in syria is expected to dominate talks including president obama's meeting with russian president vladimir putin. russia supports bashar al-assad and sells him weapons. putin opposes president obama's plan to give military assistance to rebel forces trying to overthrow the government calling the fighters barbarians. >> are these
. >>> meanwhile, across the pond they are talking the global economy. the g8 summit is under way in northern ireland, but it's not all about monetary policy. cbs reporter tara mergener on the discussions expected on u.s. wiretapping and syria. >> hello, everybody. >> reporter: president obama and british prime minister david cameron visited a northern ireland school where students are learning about the g8 summit. >> i think i just went outside the lines. >>...
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the fed does taper, the economy is getting better, markets start reflecting the economy, corporate profits, earnings are strong, and low inflation and guess whatting are as they taper, the pop the bubble in the bond market. there's a bubble in the bond market. particularly the more risky bonds. looking for yield and return. that money somehow comes back to the stock market. that's the possibility. >> neil: that's been the hope. not always consistent that money hat leaves bonds goes to stock market. we're gold. what if the fed were to say the clearest terms not only are we tapering down but we're going to continue to taper down in the months to come. that would imply something stronger than just ebbing a little bit. >> here's the thing. the mind of the market. we keep talking about that. forget about rationality and fundamentalled. remember the movie backdraft. report deniro looking for the mind of the fire. the market is fixated on fed spending. even if he says something more than tapering, the market could sell off significantly. >> neil: something else that might or might not rattle. dro
the fed does taper, the economy is getting better, markets start reflecting the economy, corporate profits, earnings are strong, and low inflation and guess whatting are as they taper, the pop the bubble in the bond market. there's a bubble in the bond market. particularly the more risky bonds. looking for yield and return. that money somehow comes back to the stock market. that's the possibility. >> neil: that's been the hope. not always consistent that money hat leaves bonds goes to...
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economy, then i'm for it. the other point is i think natural gas prices will find their way whether we export or not. you may have some temporary dislocations and some temporary volatility. but if we give the producers an incentive to produce, then they will produce, and we will have, i think, plentiful supply at a price that's going to provide equilibrium to the market in a sensible way. whether you export or not, i think prices are go to that level. -- will go to that level. and so for the good of america, for the good of our economy, pursuing north american energy security and using the blessing of these so-called tight gases to grow the economy is something we should do. >> secretary moniz talked about the need to move forward on climate, and this question asks for your opinion on things like carbon taxes, fees, regulatory limits on co2 and that kind of thing. how does southern company fit into that? >> sure. i think carbon taxes are bad for the economy. when i talk about the solutions that we've got to be
economy, then i'm for it. the other point is i think natural gas prices will find their way whether we export or not. you may have some temporary dislocations and some temporary volatility. but if we give the producers an incentive to produce, then they will produce, and we will have, i think, plentiful supply at a price that's going to provide equilibrium to the market in a sensible way. whether you export or not, i think prices are go to that level. -- will go to that level. and so for the...
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some of them took it up on it and their economies began to improve. then they pivoted to deficit reduction way too early and by the bit off this austerity idea to the point where you can just watch their unemployment rate reverse course and start to go up. now much of the eurozone is in recession with unemployment rates well in excess of 10%. >> look what they've got in terms of youth unemployment. youth unemployment in spain, 57%. greece 52%. that's a lost generation, isn't it? and isn't that what the president of the united states has actually been working to prevent from happening, losing a generation of young people? >> well, it's true. and in fact, in spain, the overall unemployment rate is around 25%. youth over 50%. now, back in the u.s. great depression, great depression, we bemoaned an up employment rate that was that high. we're not talking recession anymore. we're talking depression for these countries. and again, if you happen to be so unfortunate as to start your economic life in an economy like that, even if things improve as they will d
some of them took it up on it and their economies began to improve. then they pivoted to deficit reduction way too early and by the bit off this austerity idea to the point where you can just watch their unemployment rate reverse course and start to go up. now much of the eurozone is in recession with unemployment rates well in excess of 10%. >> look what they've got in terms of youth unemployment. youth unemployment in spain, 57%. greece 52%. that's a lost generation, isn't it? and isn't...
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fleeing for change the country's home grown on printers are turning their back on europe's largest economy for being hostile to healthy businesses that's coming up after this quick break. please speak your language. programs in documentaries in arabic in school here on all t.v. reporting from the world talks about six of the r.p. interviews intriguing story to tell you. the troy t. arabic to find out more visit our big teeth dog called. out again hong kong has launched an official investigation into the extent of the united states cyber attacks against its citizens alleged to number in the thousands in the u.s. dozens of lawsuits are being filed against the government surveillance practices they washington is trying to downplay their reach when it comes to telephone calls nobody is listening to your telephone calls. that's not what this program is about . lawmakers themselves are contradicting president obama it was earlier alleged that thousands of n.s.a. analysts could listen to any phone call without a warrant but other government sources say fisher authorized is required it's also emer
fleeing for change the country's home grown on printers are turning their back on europe's largest economy for being hostile to healthy businesses that's coming up after this quick break. please speak your language. programs in documentaries in arabic in school here on all t.v. reporting from the world talks about six of the r.p. interviews intriguing story to tell you. the troy t. arabic to find out more visit our big teeth dog called. out again hong kong has launched an official investigation...
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and the german entrepreneurs turning their back on europe's largest economy for being hostile to healthy business since. i'm broadcasting live from our studios in moscow this is r t i'm sean thomas good to have you with us. now global leaders and even close allies were all spied on by british and american intelligence according to n.s.a. whistleblower edward snowden he has leaked a new documents showing that the g twenty summit in two thousand and nine was a surveillance playground with u.k. and u.s. agents attempting to bug senior figures like russian president at the time of dmitri medvedev that's now talk to go to peace can off who is with us and has more on this now ego in most countries they actually indulge in some sort of espionage but these revelations come at a very inopportune time don't they well the importance of the timing of this report really can't be underestimated because the new g eight summit is taking place again in the u.k. and while this latest report is definitely going to qui some interesting discussions the questions which are high. will need to be answered it al
and the german entrepreneurs turning their back on europe's largest economy for being hostile to healthy business since. i'm broadcasting live from our studios in moscow this is r t i'm sean thomas good to have you with us. now global leaders and even close allies were all spied on by british and american intelligence according to n.s.a. whistleblower edward snowden he has leaked a new documents showing that the g twenty summit in two thousand and nine was a surveillance playground with u.k....
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the two day meeting is supposed to focus on the global economy but the civil war in syria will be a major topic. >> reporter: president obama and british prime minister david cameron visited in northern ireland at a school where students are learning about the g8 summit. but soon the president and his counterparts will turn their attention to the global economy. >> i'm pleased to announce the launch of negotiations on a new trade agreement. >> reporter: the economy is not the only topic at the g8. the civil war in syria is expected to dominate talks. russia supports dictator al assad and sells him weapons. putin opposes president obama's plan to give military assistance to rebel forces trying to overthrow assad, calling the fighters barbarian. >> and if a meeting wasn't icy enough, the white house is facing questions about allegations the u.s. spied on russian leaders at a previous global summit. >> reporter: britain's guardian newspaper says the intelligence was found in classified documents, former national security agency contractor edward snowden leaked. at the 2009 g20 summit in lond
the two day meeting is supposed to focus on the global economy but the civil war in syria will be a major topic. >> reporter: president obama and british prime minister david cameron visited in northern ireland at a school where students are learning about the g8 summit. but soon the president and his counterparts will turn their attention to the global economy. >> i'm pleased to announce the launch of negotiations on a new trade agreement. >> reporter: the economy is not the...
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tour of the facility and got a chance to see how critical small businesses are to helping the local economy, especially in our region. >> show other women, show other minorities that you can do well in this business, that there are opportunities, and that if you stick with something and you persevere, that you will be successful. >> the idea of dreaming, of becoming manufacturers, it was a dream that when we would talk about it out loud, everyone around us would just squash it. >> reporter: without the small business loan, this $60 million-plus company never could have flourished without the help of local lenders. >> you have the sba, you have the treasury. you have local community banks who believe in us. >> reporter: there's a lot that encompasses a small business. i was talking to the owners this morning. one thing they were talking about is their employees. they still have one man who was the very first hire working at the company. it's been a good couple years for them. >> all right, thank you. >>> right now two people are in the hospital after a shooting in southeast washington. the s
tour of the facility and got a chance to see how critical small businesses are to helping the local economy, especially in our region. >> show other women, show other minorities that you can do well in this business, that there are opportunities, and that if you stick with something and you persevere, that you will be successful. >> the idea of dreaming, of becoming manufacturers, it was a dream that when we would talk about it out loud, everyone around us would just squash it....
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>> on the economy of jobs. he's within the margin of error and that's the encouragement here, that this isn't some devastating dive that's unrecoverable. i think mark's point about the clump of scandal coverage is certainly something that would have an impact. and to your point that voters look around and say, well, nothing's getting done in washington and does obama bear some blame for that? >> one of the things that's interesting is he has a huge drop among young voters, down 17 points in the last month among people under 30. one thing he's done that people disagree with also even more is on syria, 70% of americans oppose sending arms to the syrian rebels, according to the pew poll conductsed before the announcement on chemical weapons. this is exactly what president clinton in that, quote unquote private meeting said don't worry about the polls, just do what's right. >> as the one member of this panel who doesn't look at trend lines, i guess, i feel i need to speak for the nontrend line viewers. >> we apprec
>> on the economy of jobs. he's within the margin of error and that's the encouragement here, that this isn't some devastating dive that's unrecoverable. i think mark's point about the clump of scandal coverage is certainly something that would have an impact. and to your point that voters look around and say, well, nothing's getting done in washington and does obama bear some blame for that? >> one of the things that's interesting is he has a huge drop among young voters, down 17...
SFGTV2: San Francisco Government Television
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we will be without industry, we will be without jobs, we will be without a healthy economy, and our people will be sick. so we don't really have a choice. we're going to find out why that's important. it's a question of, who's going to pay, how much you're going to be willing to pay in order to ensure that your children live the kind of life that we as americans have promised them. woman: and what we're going to do is get a marble to travel through your pipe. child: keep still! keep still! woman: aw, there's a clog in the drain. oh, there it is. [ laughing ] narrator: in the 19th century, foresighted leadership and innovative engineering established drinking water, wastewater, and stormwater infrastructure that supported the growth of the nation. through much of the 20th century, we continued to invest, to ensure our public health, safety, and economy. but now, in the 21st century, we face the need to revisit our commitment to the buried assets and infrastructure that for so long have provided for our way of life. johnson: infrastructure across this country needs to be addressed and it nee
we will be without industry, we will be without jobs, we will be without a healthy economy, and our people will be sick. so we don't really have a choice. we're going to find out why that's important. it's a question of, who's going to pay, how much you're going to be willing to pay in order to ensure that your children live the kind of life that we as americans have promised them. woman: and what we're going to do is get a marble to travel through your pipe. child: keep still! keep still!...
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and our economy grows. in fact, more than 1/2 of all americans either own or work for a small business. and they account for about two out of every three new jobs created every year. this saturday i went from store front to store front in downtown hayward to speak to local small business owners in my congressional district. to help address the problems that i heard about not having enough capital to start up or not having enough business to business transactions or foot traffic. i introduced the main street revival act. my bill will allow certain small businesses to elect to prefer paying federal payroll taxes in the first year of operation to help offset their costs. small businesses form the backbone of our communities and training american workers and selling goods in our neighbors. through supporting them that we expand our economic opportunity and help make the american dream a reality. thank you, mr. speaker, and i yield back the balance of my time. the speaker pro tempore: for what purpose does the g
and our economy grows. in fact, more than 1/2 of all americans either own or work for a small business. and they account for about two out of every three new jobs created every year. this saturday i went from store front to store front in downtown hayward to speak to local small business owners in my congressional district. to help address the problems that i heard about not having enough capital to start up or not having enough business to business transactions or foot traffic. i introduced...
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it's been five years since the meltdown wreaked havoc on the global economy. they detail their thesis in the newest institutional investor magazine. next is your asia group president ian bremmer. thanks for being here. >> hi, marie a. glad to be here. >> take us through what you deem to be the new abnormal. >> first, asian markets are doing most of the growing at coming out of the financial crisis, and they are much more uncertain, much more volatile. we see that. whether we talk about turkey or brazil, you've got two governments you thought were doing really well just having the worst week of their careers. a lot of uncertainty across the merging market much more than in the united states or japan or even europe structurally in the last five years. and at the global level, the lack of leadership we continue to see, if anything, it's becoming more obvious, more in evidence at the g-8 right now, making it incredibly difficult to either have agreements on things like syria and the middle east which continues to become much more explosive along sectarian lines, o
it's been five years since the meltdown wreaked havoc on the global economy. they detail their thesis in the newest institutional investor magazine. next is your asia group president ian bremmer. thanks for being here. >> hi, marie a. glad to be here. >> take us through what you deem to be the new abnormal. >> first, asian markets are doing most of the growing at coming out of the financial crisis, and they are much more uncertain, much more volatile. we see that. whether we...
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fleeing for choose the country's homegrown entrepreneurs are turning their back on europe's largest economy being hostile to healthy businesses. around is reportedly gearing up to send thousands of troops to syria to beef up government forces against the rebels and also went as far as proposing a new military frontier in the israeli occupied golan heights and coupled with american intentions to arm the syrian opposition israelis living in the area fear they were in for some big trouble. reports iran just got that much closer amid reports that tehran is sending some four thousand duwayne revolutionary guard to help with syrian president bashar assad israelis living here in the golan heights are worried because now for the first time at least officially iran is on the border the renewal won't war. in reunion warn the finisher. him to do it. he makes syria this is an israeli bunker on the israeli syrian border less than a kilometer from here is connecticut that has been the scene of fierce fighting between assad's forces and rebel fighters with the american decision recently to arm the rebels
fleeing for choose the country's homegrown entrepreneurs are turning their back on europe's largest economy being hostile to healthy businesses. around is reportedly gearing up to send thousands of troops to syria to beef up government forces against the rebels and also went as far as proposing a new military frontier in the israeli occupied golan heights and coupled with american intentions to arm the syrian opposition israelis living in the area fear they were in for some big trouble. reports...
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find out what's really happening to the global economy in the kinds of reports on r g i think the first impulse of arundhati was pretty much the same as the first impulse of assad that is to suppress the culture mr assad to the was it was a dictator he acted like a dictator mr other one has been elected and he's acting in the wrong way but but but don't come with this comparison with with syria if it doesn't fly. dangerous experiments on prisoners they want to make money and they have healthy guinea pigs in the regular society they're not able to use prisoners i mean more they wish they could. drug tests on human guinea pigs. paid to deadly pills to get in the subway he was killed. he didn't pass a law let him get. his pharmacy really about helping people. to save. planes. the arrow to the at. the arab world one issue that at least our views are generally excited about today is the snowden case a man who is now being dubbed a second a sound has exposed total surveillance practices employed by the american government there are two sides to the story on the one hand that was classified in
find out what's really happening to the global economy in the kinds of reports on r g i think the first impulse of arundhati was pretty much the same as the first impulse of assad that is to suppress the culture mr assad to the was it was a dictator he acted like a dictator mr other one has been elected and he's acting in the wrong way but but but don't come with this comparison with with syria if it doesn't fly. dangerous experiments on prisoners they want to make money and they have healthy...
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soon the president and his counter parts turned their attention to the global economy. >> i'm pleased to join these leaders to announce the launch of negotiations on a new trade agreement. >> the economy is not the only topic at the g8. the civil war in syria is expected to dominate talks, including president obama's meeting with russian president vladimir putin. putin opposes president obama's plan to give military assistance to rebel forces, calling the fighters barbarians. >> are these the people you want to support? are they the ones yo you want to supply with weapons? >> if the meeting between the two countries wasn't icy enough, the white house is facing questions about allegations the u.s. spied on russia leaders at a previous global summit. >> britain's guardian newspaper said the intelligence was found in classified documents edward snowden leaked. the paper says at the 2009 g20 summit in london the u.s. intercepted messages from the last russian president. it's no secret the u.s. and russia spy on each other but now it will make it harder to find common ground. >> the guardi
soon the president and his counter parts turned their attention to the global economy. >> i'm pleased to join these leaders to announce the launch of negotiations on a new trade agreement. >> the economy is not the only topic at the g8. the civil war in syria is expected to dominate talks, including president obama's meeting with russian president vladimir putin. putin opposes president obama's plan to give military assistance to rebel forces, calling the fighters barbarians....